LAES vs. HLX

Last updated Jun 3, 2026

LAES (SEALSQ Corp) and HLX (Helix Energy Solutions Group, Inc.) are both stocks. LAES operates in Semiconductors (Technology), while HLX operates in Oil & Gas Equipment & Services (Energy). Over the past 3 years, LAES returned -32.99%/yr vs 11.40%/yr for HLX. At a 0.12 correlation, their price movements are largely independent.

Performance

LAES vs. HLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEALSQ Corp (LAES) and Helix Energy Solutions Group, Inc. (HLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAES achieves a -1.85% return, which is significantly lower than HLX's 55.02% return.

LAES

• 1D: 4.51%
• 1M: 29.27%
• YTD: -1.85%
• 6M: -14.71%
• 1Y: 9.76%
• 3Y*: -32.99%
• 5Y*: —
• 10Y*: —

HLX

• 1D: 1.67%
• 1M: -5.54%
• YTD: 55.02%
• 6M: 39.26%
• 1Y: 55.27%
• 3Y*: 11.40%
• 5Y*: 9.55%
• 10Y*: 1.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LAES vs. HLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LAES SEALSQ Corp	-1.85%	-38.54%	380.47%	-94.17%
HLX Helix Energy Solutions Group, Inc.	55.02%	-32.73%	-9.34%	50.73%

Correlation

The correlation between LAES and HLX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since May 25, 2023	0.12

Fundamentals

EPS LAES : -$0.43 HLX : $0.10
PS Ratio LAES : 12.22 HLX : 1.11
Total Revenue (TTM) LAES : $35.37M HLX : $1.30B
Gross Profit (TTM) LAES : $13.21M HLX : $140.43M
EBITDA (TTM) LAES : -$41.81M HLX : $178.55M

Return for Risk

LAES vs. HLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LAES

LAES Risk / Return Rank: 47
LAES Sharpe Ratio Rank: 44
LAES Sortino Ratio Rank: 54
LAES Omega Ratio Rank: 50
LAES Calmar Ratio Rank: 43
LAES Martin Ratio Rank: 43

HLX

HLX Risk / Return Rank: 74
HLX Sharpe Ratio Rank: 74
HLX Sortino Ratio Rank: 69
HLX Omega Ratio Rank: 69
HLX Calmar Ratio Rank: 80
HLX Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LAES vs. HLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEALSQ Corp (LAES) and Helix Energy Solutions Group, Inc. (HLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LAES	HLX	Difference
Sharpe ratio Return per unit of total volatility	0.09	1.16	-1.07
Sortino ratio Return per unit of downside risk	1.04	1.71	-0.67
Omega ratio Gain probability vs. loss probability	1.11	1.23	-0.11
Calmar ratio Return relative to maximum drawdown	0.15	2.74	-2.59
Martin ratio Return relative to average drawdown	0.25	5.70	-5.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAES vs. HLX - Sharpe Ratio Comparison

The current LAES Sharpe Ratio is 0.09, which is lower than the HLX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of LAES and HLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LAES	HLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	1.16	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.26	0.04	-0.30

Drawdowns

LAES vs. HLX - Drawdown Comparison

The maximum LAES drawdown since its inception was -98.44%, roughly equal to the maximum HLX drawdown of -97.87%. Use the drawdown chart below to compare losses from any high point for LAES and HLX.

Drawdown Indicators

	LAES	HLX	Difference
Max Drawdown Largest peak-to-trough decline	-98.44%	-97.87%	-0.57%
Max Drawdown (1Y) Largest decline over 1 year	-72.68%	-20.83%	-51.85%
Max Drawdown (3Y) Largest decline over 3 years	-98.07%	-55.54%	-42.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-61.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-91.46%	—
Current Drawdown Current decline from peak	-83.11%	-79.25%	-3.86%
Average Drawdown Average peak-to-trough decline	-84.70%	-55.19%	-29.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.38%	10.01%	+32.37%

Volatility

LAES vs. HLX - Volatility Comparison

SEALSQ Corp (LAES) has a higher volatility of 28.00% compared to Helix Energy Solutions Group, Inc. (HLX) at 10.58%. This indicates that LAES's price experiences larger fluctuations and is considered to be riskier than HLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAES	HLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.00%	10.58%	+17.42%
Volatility (6M) Calculated over the trailing 6-month period	65.57%	34.07%	+31.50%
Volatility (1Y) Calculated over the trailing 1-year period	109.76%	47.99%	+61.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	170.49%	51.56%	+118.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	170.49%	65.75%	+104.74%

Dividends

LAES vs. HLX - Dividend Comparison

Neither LAES nor HLX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LAES and HLX in my portfolio?

LAES and HLX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAES or HLX?

LAES has higher volatility (28.00%) compared to HLX (10.58%). In terms of maximum drawdown, LAES dropped -98.44% vs HLX's -97.87%.

Which has better risk-adjusted returns?

HLX currently has the higher Sharpe Ratio (1.16 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.